[color="Red"]The balance of investment income - the difference between what US investors receive from overseas and what the US pays out in interest and dividends to foreigners - also turned negative last year, for the first time since 1915.

“Foreigners now earn more on their US investments than we do on our investments abroad,” Warren Buffett explained [color="Red"]“In effect, we’ve used up our bank account and turned to our credit card. And, like everyone who gets in hock, the US will now experience ‘reverse compounding’ as we pay ever-increasing amounts of interest on interest.”...

...All of which is to say, that this Independence Day finds Americans less independent than ever before. They count on the Arabs for energy. And they depend on the Asians for money to pay for it. [color="Red"]Soon, they will not be able to go to the bathroom without out asking permission from their Chinese creditors.

Source:http://www.dailyreckoning.com.au/american-debt-4/2007/07/05/